Brown Financial Advisors Invests $677,000 in The Wendy’s Company (NASDAQ:WEN)

Brown Financial Advisors bought a new position in shares of The Wendy’s Company (NASDAQ:WEN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,943 shares of the restaurant operator’s stock, valued at approximately $677,000.

Other large investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Wendy’s in the second quarter valued at $27,000. Granite Bay Wealth Management LLC bought a new stake in shares of Wendy’s during the 2nd quarter worth about $1,718,000. Truist Financial Corp grew its stake in Wendy’s by 1.6% in the 2nd quarter. Truist Financial Corp now owns 51,523 shares of the restaurant operator’s stock valued at $874,000 after buying an additional 810 shares during the last quarter. Kimelman & Baird LLC bought a new position in Wendy’s in the 2nd quarter valued at about $999,000. Finally, Regal Investment Advisors LLC acquired a new stake in Wendy’s during the second quarter worth approximately $805,000. Institutional investors own 85.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WEN shares. Loop Capital reaffirmed a “buy” rating and issued a $26.00 target price on shares of Wendy’s in a research report on Monday, July 15th. Barclays lowered their price objective on Wendy’s from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Tigress Financial reissued a “buy” rating and issued a $29.00 target price on shares of Wendy’s in a research report on Wednesday, September 4th. Truist Financial decreased their price target on shares of Wendy’s from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Wendy’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Wendy’s has an average rating of “Hold” and an average target price of $20.24.

Insiders Place Their Bets

In other news, Director Matthew H. Peltz sold 1,000,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $17.18, for a total value of $17,180,000.00. Following the completion of the transaction, the director now directly owns 14,943,466 shares in the company, valued at approximately $256,728,745.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 17.10% of the company’s stock.

Wendy’s Trading Up 0.8 %

Shares of WEN opened at $17.66 on Wednesday. The company has a debt-to-equity ratio of 12.01, a quick ratio of 2.15 and a current ratio of 2.17. The Wendy’s Company has a 52-week low of $15.61 and a 52-week high of $20.65. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.33 and a beta of 0.80. The business’s fifty day moving average is $17.09 and its 200-day moving average is $17.64.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Wendy’s had a return on equity of 67.74% and a net margin of 9.18%. The business had revenue of $570.73 million for the quarter, compared to analyst estimates of $577.15 million. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that The Wendy’s Company will post 0.98 EPS for the current fiscal year.

Wendy’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.25 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 5.66%. Wendy’s’s dividend payout ratio is currently 101.01%.

Wendy’s Company Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.